Installed Building Products (IBP) FY2021 results: revenue $2.0 billion, up 19.1% on the year
Installed Building Products, Inc. (IBP) reported revenue of $2.0 billion for fiscal 2021, the year ended 31 December 2021, up 19.1% on the year before. Net income was $119 million, up 22.1%, and diluted earnings per share $4.01. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$2.0 billion
+19.1% on the year
FY2014FY2021
Operating margin
9.5%
9.8% a year earlier
FY2014FY2021
Net income
$119 million
+22.1% on the year
FY2014FY2021
Diluted EPS
$4.01
+22.6% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
138
181
123
-23.5%
Capital expenditure
37.0
33.6
50.2
+10.1%
Free cash flow
101
147
72.9
-31.2%
Free cash flow margin
5.1%
8.9%
4.8%
Cash from investing
-278
-77.8
-132
Cash from financing
242
-49.4
96.1
Depreciation and amortisation
40.9
39.0
38.9
+4.9%
Share-based compensation
13.8
10.8
8.7
+27.5%
Buybacks
0.0
33.9
0.0
Dividends paid
35.3
0.0
0.0
Dividend per share
$1.20
$0.00
$0.00
Diluted shares, weighted
30m
30m
30m
-0.3%
Shares outstanding at period end
30m
30m
30m
+0.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
417
319
250
+30.6%
Debt
863
565
569
+52.7%
Operating lease liabilities
46.1
34.4
29.8
+33.9%
Finance lease liabilities
3.3
2.4
3.6
+35.7%
Other liabilities
324
266
247
+21.6%
Total liabilities and equity
1,653
1,188
1,099
+39.2%
Fixed assets
n/a
104
106
Goodwill
323
217
196
+48.7%
Intangible assets
264
171
154
+54.3%
Investments
0.0
0.0
38.0
Cash and equivalents
333
232
178
+44.0%
Receivables
313
267
245
+17.3%
Inventory
143
77.2
74.6
+85.3%
Other assets
277
120
109
+130.6%
Total assets
1,653
1,188
1,099
+39.2%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.